The AGM presentation had more info. However, I don't understand why they didn't elaborate on the Mt Gordon C1 costs in their quarterly!!! I looked at the C1 cost prior to it going into care & maintenance and it seems they were around similar levels now. How much can the cost come down? Not sure but I 'm thinking sub $3/lb is really hard. Does anyone have an idea re Mt Gordon's profitability? High A$ and low CU prices are going to make this a marginal operation in the medium term. May be, in the 5-10 year window there will be a supply side crunch with fewer mines coming online and likely that's why Aditya have a foothold here - to ensure they get the supply they need.
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Ann: AGM Presentation , page-8
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